Housing Wire

JANUARY 5, 2024

Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. Construction employment continued to trend up, with the sector adding 17,000 jobs in the last month of 2023.

Transportation 441

Transportation Construction Government Investors 441

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

Insurance 370

Insurance Housing Market Marketing Agents 370

Housing Wire

JUNE 2, 2023

The lion’s share of the job growth in April came from gains in the professional and business services sector (up 64,000 jobs), the leisure and hospitality sector (up 48,000 jobs), the government sector (up 56,000 jobs), and the health care sector (up 52,000 jobs). Residential building construction added 2,400 jobs during the month.

Construction 383

Construction Real Estate Housing Market Transportation 383

Housing Wire

OCTOBER 12, 2023

What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% year over year in September,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Rents of primary residences were up 7.4%.”

Government 398

Government Housing Market Contracts Insurance 398

Housing Wire

MARCH 8, 2024

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The jobs report contains two conflicting implications for the housing market, according to Sturtevant.

Transportation 450

Transportation Retail Housing Market Construction 450

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. The FHA has an opportunity to extend its considerable manufactured housing expertise to strengthen a critical market.

Business 449

Business Finance Buyers Lending 449

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market.

Construction 362

Construction Real Estate Housing Market Retail 362

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 369

Construction Renovations Government Inventory 369

Housing Wire

SEPTEMBER 20, 2021

According to Fannie, the slimming in projections by the Economic and Strategic Research (ESR) Group are a result of supply chain disruptions and labor market tightness, which “impede the housing market.”. Overall, the government sponsored enterprise forecasts that purchase mortgage originations will increase by 6.3%

Supply Chain 421

Supply Chain Inventory Government New Listings 421

Housing Wire

DECEMBER 1, 2021

years in prison — the maximum the federal government said it would seek — as well as three years of supervised release. As the housing market changes, so does lending fraud. Housing market conditions are changing in ways that may increase fraud risk and fraud schemes are becoming increasingly sophisticated.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. This is just one more arrow in their quiver.”

Loan Officers 414

Loan Officers Clients Mortgage Construction 414

Housing Wire

MARCH 9, 2021

2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. 7% while the Jumbo MCAI measuring high-balance loans rose.2%, Department of Agriculture rose.3%, 3%, MBA said.

Mortgage 479

Mortgage Government Buyers Contracts 479

Housing Wire

AUGUST 3, 2023

government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist. Construction spending advanced in June, a sign that companies and the government continue investing in real estate and infrastructure projects. The combination of upbeat economic data and the U.S.

Mortgage 367

Mortgage Inventory Government Buyers 367

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low. For local governments, ADUs can increase the number of tenants in areas where high-rise dwellings are not a desirable option. million homes.

Tenants 397

Tenants Government Law Buyers 397

Housing Wire

DECEMBER 2, 2022

Employment in the construction industry was up by 20,000 jobs from October, thanks to large gains in nonresidential building (up 8,200 jobs) and residential specialty trade contractors (up 6,500 jobs). Meanwhile, 4 million people quit their jobs during the month, looking for better employment.”.

Transportation 421

Transportation Real Estate Construction Retail 421

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. . “Investors remained attuned to the uncertainty around the U.S. And, federal lawmakers have yet to reach a deal on the U.S. Department of the Treasury.

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Housing Wire

NOVEMBER 6, 2020

Government employment, however, fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the conclusion of the decennial U.S. But despite residential construction employment climbing back to only 0.8%

Construction 346

Construction Housing Market Retail Business 346

Housing Wire

APRIL 24, 2023

Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. The relationship between diversity, economic growth, housing and GDP The housing market is large and varied. GDP, roughly $3 trillion. For decades, the U.S.

Legal 379

Legal Housing Market Government Buyers 379

Housing Wire

JANUARY 5, 2024

Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. From BLS : Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today.

Marketing 498

Marketing Transportation Construction Government 498

Housing Wire

JUNE 2, 2023

Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. The fear of 1970s-style inflation was that wages could grow out of control in a tight labor market. as we are still slowly growing the housing completion data.

Marketing 444

Marketing Transportation Construction Government 444

Housing Wire

JULY 6, 2023

Those numbers remain way below where they were when the housing market crashed after the Great Recession of the late-2000s, but still up. “… The recent increase in foreclosures should help boost the supply of homes for sale. “ million more housing units to meet existing demand. “The housing affordability.”

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Neal pointed to a government-subsidized rate buydown program launched in the 1970s, another period of high interest rates.

Marketing 410

Marketing Government Mortgage Sellers 410

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

Mortgage 402

Mortgage Contracts Construction Government 402

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Housing Market Forecast FAQs.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

MARCH 22, 2023

The increase was due primarily to the residential and real estate mortgage and construction portfolios, consisting of 70% of the total portfolio in Q4 2022. In 2021, the bank acquired Civic Financial Services , a private money lender that caters to real estate investors, a strategic move into specialized areas of the non-QM market.

Real Estate 396

Real Estate Investing Investors Finance 396

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

Insurance 379

Insurance Clients Marketing Housing Market 379

Housing Wire

APRIL 7, 2023

Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care. The monthly jobs report showed losses in construction, retail trade, and manufacturing, while the other sectors showed growth. The bond market has assumed this will push the U.S. percent, the U.S.

Housing Market 536

Housing Market Marketing Mortgage Retail 536

Housing Wire

JULY 8, 2022

Looking at the jobs data and which sector added jobs in March, construction and manufacturing jobs came in positively, and we only lost jobs in the government. Job openings in construction and manufacturing have picked up recently. And the unemployment rate currently stands at 3.6%.

Construction 520

Construction Housing Market Marketing Government 520

Housing Wire

OCTOBER 2, 2020

Private employment increased by 877,000, while government employment fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to drops in local education employees as many schools did not bring their workforces back in September.

Tenants 409

Tenants Government Retail Business 409

Housing Wire

APRIL 5, 2024

Job gains occurred in health care, government, and construction. A positive trend for the Fed with a softer labor market is that wage growth is cooling down. From BLS : Total nonfarm payroll employment rose by 303,000 in March, and the unemployment rate changed little at 3.8 percent, the U.S. Bachelor’s degree or higher: 2.1%

Marketing 484

Marketing Mortgage Construction Government 484

Housing Wire

MAY 13, 2021

A recent study by the National Association of Home Builders found that regulations imposed by all levels of government on new homes account for $93,870, or 23.8%, of the current average sales price ($397,300). Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction.

Construction 466

Construction Government Inventory Mortgage 466

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Not Greater Atlanta.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

APRIL 19, 2021

Borrowers backed by government entities have the option to extend their forbearance up to 18 months thanks to continued legislation by the FHFA and FHA. However, non–federally backed borrowers don’t all have the same blanket policies.

Construction 404

Construction Government Investors Housing Market 404

Housing Wire

DECEMBER 4, 2020

Government employment, however, fell by 86,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the loss of jobs tied to the 2020 U.S. census count. .

Transportation 216

Transportation Retail Construction Housing Market 216

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. Local agents are slowly seeing new construction listings pop up. So, it’s coming along, but it’s a slow process.”.

Insurance 376

Insurance Realty Agents Construction 376

Housing Wire

JULY 7, 2023

Employment continued to trend up in government, health care, social assistance, and construction. We did have an extensive report on the government jobs, which typically doesn’t have staying power, so the private labor data was weaker than the headline print. percent, the U.S. Bureau of Labor Statistics reported today.

Mortgage 420

Mortgage Government Marketing Insurance 420